national company law appellate tribunal

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    Financial Creditors Dispute Resolved: NCLAT Confirms Resolution Plan

    New Delhi, April 9 The National Company Law Appellate Tribunal has rejected a joint petition filed by five banks – Indian Bank, UCO Bank, Bank of Baroda, ICICI Bank, and Union Bank of India – challenging the distribution of funds to dissenting financial creditors SBI and Punjab National Bank.A...
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    Financial Creditor Dispute Resolved: NCLAT Ruling on OCL Steel

    New Delhi, April 8 The National Company Law Appellate Tribunal on Wednesday rejected a joint petition filed by five banks – Indian Bank, UCO Bank, Bank of Baroda, ICICI Bank, and Union Bank of India, challenging the distribution of funds to dissenting financial creditors SBI and Punjab National...
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    NCLAT Sets 3-Month Deadline for Future Lifestyle Fashion Insolvency

    New Delhi, April 6 The National Company Law Appellate Tribunal has ordered the completion of the insolvency proceedings for Future Lifestyle Fashion within three months.While rejecting an appeal filed by an operational creditor, a two-member bench has asked the Resolution Professional and the...
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    NCLAT to Expedite Decision on Adani-JAL Deal, SC Restricts Monitoring Committee

    In New Delhi, on April 6, the Supreme Court declined to block the implementation of Adani Group's ₹14,535-crore bid to acquire Jaiprakash Associates Limited (JAL), but imposed a safeguard by restraining the firm's monitoring committee from making any "major policy decisions" without prior...
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    NCLAT to Expediitely Hear Arguments in Adani-JAL Acquisition Dispute

    New Delhi, April 6 The Supreme Court on Monday refrained from interfering with the order of the National Company Law Appellate Tribunal (NCLAT), which had refused to stay Adani Group's ₹14,535 crore bid to acquire Jaiprakash Associates Ltd (JAL).However, the bench restrained the monitoring...
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    Raheja Shilas Insolvency: NCLAT Requires Resolution with Flat Buyers

    New Delhi, April 3 The National Company Law Appellate Tribunal (NCLAT) has rejected Raheja Developers' plea to close the insolvency resolution process against its project, Raheja Shilas, in Gurugram, after observing that the issues with flat buyers have not been resolved.It further stated that...
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    Insolvency Plea Renewed: NCLAT Directs Re-Examination of Belgotex Case

    New Delhi, April 1 The National Company Law Appellate Tribunal (NCLAT) has overturned an order by the National Company Law Tribunal (NCLT) rejecting Belgotex India's insolvency plea against Puneet India, citing a pre-existing dispute.Allowing Belgotex India's appeal, a two-member NCLAT bench...
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    MMTC Challenges NSEL Settlement, But NCLAT Upholds Decision

    New Delhi, March 30 The National Company Law Appellate Tribunal (NCLAT) on Monday dismissed an appeal by state-owned trading firm MMTC, challenging the one-time settlement (OTS) between National Spot Exchange Ltd (NSEL), backed by 63 Moons, and traders.The Mumbai bench of the National Company...
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    NCLAT Upholds NCLT's Power to Freeze Demat Accounts in Insolvencies

    New Delhi, March 29 The National Company Law Appellate Tribunal (NCLAT) has dismissed the appeals filed by BSE, in which the leading bourse challenged the power of the NCLT to unfreeze the Demat accounts of businesses undergoing insolvency resolution and liquidation.A two-member NCLAT bench...
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    Vedanta Challenges Adani's Jaiprakash Acquisition in NCLAT

    New Delhi, March 22 The Vedanta Group, a major business conglomerate, has approached the National Company Law Appellate Tribunal (NCLAT), challenging the National Company Law Tribunal (NCLT)'s approval of Adani Group's bid to acquire Jaiprakash Associates Ltd for ₹14,535 crore.The Vedanta...
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    NCLAT Upholds Decision: Eastman Auto Dismissed Insolvency Petition

    New Delhi, March 17 The National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal filed against alternative energy firm Eastman Auto & Power in an insolvency case and upheld the order passed by the NCLT.A two-member bench observed that the existence of a dispute with Vave India...
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    NCLAT Restores Insolvency Appeal Against Dilip Buildcon

    New Delhi, March 16 The National Company Law Appellate Tribunal (NCLAT) on Monday restored an insolvency appeal against Dilip Buildcon, a construction and infrastructure development company.A two-member bench of the NCLAT on December 12, 2025, dismissed the appeal filed by Shyamji Construction...
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    Chronos Properties Secures 6-Month Renewal for IL&FS Asset Bid

    New Delhi, March 16 The National Company Law Appellate Tribunal (NCLAT) has allowed Chronos Properties, backed by Brookfield, which is in the race to acquire the Infrastructure Leasing and Financial Services (IL&FS) flagship Bandra Kurla Complex property, to replace its bank guarantee within a...
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    Contracts Awarded Amidst Insolvency Proceedings Under Scrutiny

    Hyderabad, March 13 Bharat Rashtra Samithi (BRS) working president K.T. Rama Rao has demanded a probe by central agencies into the alleged irregular allocation of government contracts to KLSR Infratech Private Limited, a company he claims is linked to Telangana Chief Minister Revanth Reddy as a...
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    NCLAT Dismisses Dhoot Brothers' Appeal in Videocon Insolvency Case

    New Delhi, March 1 The appellate tribunal, NCLAT, has dismissed petitions filed by two Dhoot brothers – Rajkumar Nandlal Dhoot and Pradeep Nandlal Dhoot – challenging the initiation of personal insolvency against them over a default committed by debt-ridden Videocon Industries.Personal...
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    NCLAT Ruling on Benami Act Appeals Upheld by Supreme Court

    New Delhi, February 24 The Supreme Court on Tuesday upheld a decision by the NCLAT that said that attachment under the Prohibition of Benami Property Transactions Act, 1988 (Benami Act) can only be challenged before the authorities specified in that act.A bench of justices PS Narasimha and...
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    Settlement Agreement Leads to Withdrawal of NCLAT Insolvency Petition

    New Delhi, February 22 The National Company Law Appellate Tribunal (NCLAT) has directed the withdrawal of insolvency proceedings against realty firm Mahagun after it has reached an agreement with its financial creditor.A two-member bench of the National Company Law Appellate Tribunal (NCLAT)...
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    WhatsApp and Meta Face Supreme Court Review of CCI Penalty

    New Delhi, February 22 The Supreme Court is scheduled to hear pleas filed by Meta and WhatsApp against an order by the Competition Commission of India (CCI) imposing a penalty of ₹213.14 crore due to their privacy policy.A bench comprising Chief Justice of India (CJI) Surya Kant and Justices...
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    Meta, WhatsApp Face Further Scrutiny in Data Sharing Case

    New Delhi, February 9 The Supreme Court on Monday deferred to February 23 the pleas filed by Meta Platforms Inc and WhatsApp against a Competition Commission of India (CCI) order imposing a fine of ₹213.14 crore over a privacy policy.A bench comprising Chief Justice of India (CJI) Surya Kant...
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